Category: International

India says it may allow some foreign flights to resume after U.S. criticism

India says it may allow some foreign flights to resume after U.S. criticism

By Administrator_India Capital Sands India’s ministry of civil aviation said on Tuesday it was considering allowing some international carrier flights to resume after Washington accused India of “unfair and discriminatory practices.” The Indian ministry said in a statement posted on Twitter that as “we move from controlled and managed aviation evacuation of our citizens in different parts of the world […]

India, Pakistan plan to restart some economic activity during coronavirus lockdown

India, Pakistan plan to restart some economic activity during coronavirus lockdown

By Administrator_India Capital Sands India and Pakistan are planning to partially open up some parts of the economy, officials in the two countries said on Monday, as the costs of harsh lockdowns to limit the outbreak of the coronavirus mount across the region. Indian officials said the number of coronavirus cases in the country increased to 9,152 on Monday, including […]

Gold eases on rising risk appetite as new virus cases fall

Gold Down Despite Continued COVID-19 Fears

By Administrator_India Capital Sands Gold prices in Asia were down in Asia on Thursday morning despite the continuing economic uncertainty caused by the COVID-19 virus. The yellow metal could not hold onto its steady gains from the previous session as gold futures dropped by 0.11% at $1,82.45. For the third day in a row, prices for the yellow metal were in sync with stocks. The two prices […]

U.S. death toll spirals amid rush to build field hospitals, find supplies

By Administrator_India Capital Sands The U.S. government raced on Tuesday to build hundreds of makeshift hospitals near major cities as healthcare systems were pushed to capacity, and sometimes beyond, by the coronavirus pandemic. Even as millions of Americans hunkered down in their homes under strict “stay-at-home” orders, the death toll, as talled by sources, shot up by more than 850 […]

Crude oil futures drop as pandemic darkens demand outlook

By Administrator_India Capital Sands Crude oil benchmarks fell sharply on Monday, with Brent hitting its lowest since November 2002, as the global coronavirus pandemic worsened and the Saudi Arabia-Russia price war showed no signs of abating. Brent futures were down 6.7%, or $1.68, to $23.25 a barrel, after earlier dropping to $23.03, the lowest since November 2002. U.S. West Texas […]

China says consumer sales steadying after virus hit, trade still tough

China says consumer sales steadying after virus hit, trade still tough

By Ritu, Capital Sands The coronavirus outbreak has hit global demand, but its impact on China’s foreign trade is only temporary, the Commerce Ministry said on Thursday, adding that authorities would roll out more targeted support measures to stabilise supply chains. The epidemic, which has killed more than 3,000 people and infected more than 80,000 in mainland China, has triggered […]

India factory activity growth slows in February on weak demand

India factory activity growth slows in February on weak demand

By Ritu, Capital Sands India’s factory activity growth slowed in February from the previous month’s eight-year high due to a modest weakening in demand and output, although overall conditions remained firm, a private survey showed on Monday. The Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, fell to 54.5 last month from January’s 55.3, above a Reuters poll forecast […]

Microsoft launches new program to help B2B startups in India

Microsoft launches new program to help B2B startups in India

By Ritu, Capital Sands The new program is open to Microsoft co-sell enabled startups associated with the company. Microsoft on February 24 launched a new program to bring 100 companies to commit $100,000 (Rs 71,83,455) each for enterprise-ready solutions from 100 business-to-business (B2B) startups in the Software-as-a-Service (SaaS) space in India over the course of 18 months. Called the “100X100X100” […]

India's Vodafone Idea to pay 35 billion rupees in telecom , shares rise

India’s Vodafone Idea to pay 35 billion rupees in telecom , shares rise

By Ritu, Capital Sands Beleaguered Indian wireless carrier Vodafone Idea will pay 35 billion rupees ($490 million) in telecoms dues to the federal government by Feb. 21, a lawyer for the company said on Monday. Hopes that Vodafone Idea could outlive the financial squeeze due to the outstanding dues payments helped its shares gain as much as 23.5% on Monday, their […]

Indian generic drugmakers may face supply shortages from China if coronavirus drags on

By Administrator_India, Capital Sands Shortages and potential price increases of generic drugs from India loom if the coronavirus outbreak disrupts suppliers of pharmaceutical ingredients in China past April, according to industry experts. An important supplier of generic drugs to the world, Indian companies procure almost 70% of the active pharmaceutical ingredients (APIs) for their medicines from China. Optimism that the […]